Semiconductor Manufacturing International Corp. said artificial intelligence-driven demand is keeping orders strong and giving it room to raise prices for its most sought-after production capacity, after second-quarter revenue topped $3 billion for the first time. The Chinese foundry reported revenue of $3.006 billion and profit attributable to shareholders of $479.2 million, both above analyst estimates compiled by LSEG, while wafer shipments rose to 2.9 million 8-inch-equivalent wafers and average selling prices increased 5.7% from the prior quarter. Co-CEO Zhao Haijun said demand growth came largely from China-based customers buying chips other than CPUs and GPUs, alongside earlier-than-expected orders, and said SMIC plans to adjust existing capacity and accelerate new lines to ease supply constraints. The company expects third-quarter revenue to rise 2% to 4% quarter on quarter, with gross margin of 26% to 28%, after raising prices in the first quarter and charging more for wafers processed in the third quarter. Shares were up about 5% after the earnings call.